Advans Project

  • Save for an upcoming or long term project

  • Enjoy competitive interest on your savings

  • Term deposit with unlimited cash lodging frequencies

Open a savings account

With Advans project, I was able to open new outlets in the market.

Detailed description

Who is eligible?

  • Nigerian nationals or residents
  • Micro and small entrepreneurs/Sole proprietors/Individuals
  • Over 18 years of age

Conditions

  • 6-10% Interest on a quarterly basis (based on daily average balance) 
  • Minimum deposit NGN 1,000
  • Tenure 3-12 months, Free opening and closing, Unlimited deposits (clients should deposit at least once a month)
  • Penalties for early withdrawal: before 1/2 period: no interest; after 1/2 period: 50% of prorata temporis

What do I need to subscribe?

  • Valid ID Card
  • Two passport photographs
  • Utility Bill
  • Current and/or savings account

FAQ

Can I withdraw funds before the completion of the agreed tenure?

Yes, you can withdraw anytime but interest is paid only if project account has satisfied 50% of agreed tenure.

More FAQ